Canadian MSB seeks a banking partner for merchant IBANs, cards and acquiring
Terms
Payment methods
Geography
Details
Requirements
- Dedicated merchant IBANs
- Card programmes
- Payment gateway or PayFac model
- Verification of MSB registration and permitted activities
A Canadian company that says it is registered as an MSB (money services business) and operates under the RPAA retail payments law is looking for a banking partner. The request was published in September 2026. The company claims it already has a base of merchant clients.
What is needed - dedicated merchant IBANs, separate accounts for each client; - card programmes; - a payment gateway or PayFac model for acceptance.
Who should respond Banks and BaaS providers ready to issue IBAN accounts to a payment company's clients, card issuers, and acquirers that work with payment facilitators.
Worth noting The RPAA is a statute regulating retail payment services in Canada, not a banking licence. The company's registration and the activities it is permitted to carry out are unverified, so they should be checked first.
What to clarify - the company name and volume, which are not disclosed; - merchant verticals; - the jurisdictions where clients operate; - the funds flow, meaning who holds the money and where; - legal entity, business model, methods, timing and settlement needs; - whether the request is still active.
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